Amadeus reported Q3 2024 monetary outcomes. Highlights for the 9 months ended September 30, 2024, (relative to the prior yr) embrace:
- Air distribution income grew 10 p.c, to €2,230.5 million.
- Air IT options income elevated 16.2 p.c, to €1,636.2 million.
- Hospitality and different options income grew 12.9 p.c, to €733.9 million.
- Group income elevated 12.6 p.c, to €4,600.6 million.
- EBITDA grew 13.3 p.c, to €1,806.3 million.
- Working earnings elevated 16.9 p.c, to €1,314.8 million.
- Adjusted revenue elevated 17.4 p.c, to €1,028.2 million.
- Free money movement amounted to €975.2 million, a 7.3 p.c improve excluding non-recurring tax-related assortment.
- Web monetary debt was €2,511.0 million on September 30, 2024 (1.09 occasions last-twelve-month EBITDA).
Within the first 9 months of 2024, Amadeus grew with profitability, delivering increasing EBITDA and working earnings margins. Group income elevated by 12.6 p.c, EBITDA grew 13.3 p.c, working earnings elevated by 16.9 p.c, and adjusted revenue expanded by 17.4 p.c, relative to the prior yr. This monetary efficiency over the primary 9 months of 2024 supported free money movement technology of €975.2 million, leading to internet monetary debt of €2,511.0 million on September 30, 2024, representing 1.09 occasions the last-twelve-month EBITDA.
Luis Maroto, president and CEO of Amadeus, commented, “We’ve delivered a high-growth, worthwhile, and cash-generative evolution within the first 9 months of 2024, supported by robust performances throughout our companies. Based mostly on our stable monetary scenario so far and our prospects for the fourth quarter, we reiterate our confidence on the outlook we issued firstly of the yr. We’re assured concerning the progress alternatives forward for Amadeus and we’re dedicated to attaining them.”
Over the primary 9 months of 2024, air distribution income elevated by 10.0 p.c relative to the earlier yr, supported by reserving progress of three.4 p.c and unitary reserving income enlargement of 6.4 p.c.
In Air IT Options, income grew by 16.2 p.c, supported by passengers boarded evolution, which elevated by 12.0 p.c within the nine-month interval. This improve was pushed by international air site visitors progress and the affect of Amadeus’ 2023-2024 buyer implementations.
In the course of the third quarter, Amadeus launched Navitaire Stratos, a retailing portfolio for low-cost and hybrid carriers. This portfolio consists of traveler-focused companies, reduces prices, and helps versatile partnership integrations.
Additionally on this quarter, Qatar Airways expanded its partnership with Amadeus by signing for Amadeus Ancillary Dynamic Pricing.
Relating to Airport IT, Amadeus continued to develop our buyer base and bought options from our Airport IT portfolio to a number of airport prospects equivalent to Groupe ADP.
Over the primary 9 months of 2024, hospitality and different options income elevated by 12.9 p.c. Each hospitality and funds delivered double-digit progress charges over the interval, supported by new buyer implementations and quantity enlargement. In hospitality IT, CDS Groupe has renewed and expanded its settlement with Amadeus Hospitality Media and Distribution. Inpayments, Outpayce will tokenize buyer card particulars for a European airline.
